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20.0¢ firefinch limited

new sprott note, page-21

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intelseb

3,404 Posts.

185

08/12/21

15:25

Post #: 58163179
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Originally posted by JungleJim1: ↑

Basically one broker/ analyst is saying we maybe subject to a takeover.
a cut and paste from the web site as follows;

A tender offer is a bid to purchase some or all of the shareholders' stock in a corporation. Tender offers are typically made publicly and invite shareholders to sell their shares for a specified price and within a particular window of time. The price offered is usually at a premium to the market price and is often contingent upon a minimum or a maximum number of shares sold.

To tender is to invite bids for a project or accept a formal offer such as a takeover bid. An exchange offer is a specialized type of tender offer in which securities or other non-cash alternatives are offered in exchange for shares.

A tender offer often occurs when an investor proposes buying shares from every shareholder of a publicly traded company for a certain price at a certain time. The investor normally offers a higher price per share than the company’s stock price, providing shareholders a greater incentive to sell their shares.Most tender offers are made at a specified price that represents a significant premium over the current stock share price.

A tender offer might, for instance, be made to purchase outstanding stock shares for $18 a share when the current market price is only $15 a share. The reason for offering the premium is to induce a large number of shareholders to sell their shares. In the case of a takeover attempt, the tender may be conditional on the prospective buyer being able to obtain a certain amount of shares, such as a sufficient number of shares to constitute a controlling interest in the company.

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I'd consider $1.50-$2

FFX Price at posting: 74.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

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